Cavco approves FY2022 executive comp: salary bumps, STIP/LTIP for CEO and officers

CAVCO INDUSTRIES, INC.

CEO Boor base salary raised $25K to $850K; CAO Bigbee raised $20K to $220K.
Short-term incentive (STIP) target for Boor set at 120% of base salary; threshold 60%, max 240%.
Long-term equity: Boor receives 4,500 time-based RSUs and 4,550 PRSUs (target), each grant value ~$957,668.
PRSUs vest based on relative TSR, market share expansion, and manufacturing labor efficiency over FY2022-2024.
STIP for other officers (Dragash, Niño, Bigbee) mixes corporate and individual performance measures.

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